We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
T-Mobile & Sprint Secure Approval From CFIUS for Merger
Read MoreHide Full Article
T-Mobile US, Inc. (TMUS - Free Report) recently announced that it has received approval from the Committee on Foreign Investment in the United States (“CFIUS”) for its proposed merger with Sprint Corporation (S - Free Report) .
In addition, Team Telecom, which comprises the U.S. Department of Justice, Department of Homeland Security and Department of Defense, gave its green signal to the proposed merger. In this regard, Team Telecom submitted a filing with the FCC, confirming that it had no objections to the deal. Notably, the deal is projected to be completed in the first half of next year, subject to regulatory clearance as well as other customary closing conditions.
Notably, the deal will help accelerate development of faster 5G wireless networks. The New T-Mobile will have the network capacity to rapidly create a nationwide 5G network with the breadth and depth needed to enable U.S. firms and entrepreneurs to continue leading in the 5G era. This is considered as a step forward in creating the New T-Mobile through which the company will bring robust competition to the 5G era.
Existing Business Scenario
T-Mobile’s innovative network expansion methodologies continue to be faster and technologically sounder. The company plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network expected by 2020. Furthermore, it has successfully conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile is also planning to team up with dark fiber partners to backhaul small cell densification project.
Also, the acquisition of Layer3 TV will likely boost T-Mobile’s streaming service. The company’s improvement in mobile plans, stellar network performance, deployment of LTE-U technology and offering of attractive unlimited data are the key factors driving the performance. This is supported by improving scale, healthy free cash flow generation, strong liquidity and spectrum assets that provide credit support.
This Zacks Rank #3 (Hold) company has returned 7.1% in the past six months, outperforming the industry’s average growth of 3.2%.
However, a highly competitive and saturated U.S. wireless market is a major headwind. Intensifying competition could limit the company’s ability to attract and retain customers, and may adversely affect its operating results.
Stocks to Consider
A couple of better-ranked stocks from the same space are ATN International, Inc. (ATNI - Free Report) and Telenav, Inc. . While ATN International sports a Zacks Rank #1 (Strong Buy), Telenav carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ATN International surpassed estimates thrice in the trailing four quarters, the average positive earnings surprise being 138.12%.
Telenav outpaced estimates in each of the preceding four quarters, the average earnings surprise being 12.03%.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
Image: Bigstock
T-Mobile & Sprint Secure Approval From CFIUS for Merger
T-Mobile US, Inc. (TMUS - Free Report) recently announced that it has received approval from the Committee on Foreign Investment in the United States (“CFIUS”) for its proposed merger with Sprint Corporation (S - Free Report) .
In addition, Team Telecom, which comprises the U.S. Department of Justice, Department of Homeland Security and Department of Defense, gave its green signal to the proposed merger. In this regard, Team Telecom submitted a filing with the FCC, confirming that it had no objections to the deal. Notably, the deal is projected to be completed in the first half of next year, subject to regulatory clearance as well as other customary closing conditions.
Notably, the deal will help accelerate development of faster 5G wireless networks. The New T-Mobile will have the network capacity to rapidly create a nationwide 5G network with the breadth and depth needed to enable U.S. firms and entrepreneurs to continue leading in the 5G era. This is considered as a step forward in creating the New T-Mobile through which the company will bring robust competition to the 5G era.
Existing Business Scenario
T-Mobile’s innovative network expansion methodologies continue to be faster and technologically sounder. The company plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network expected by 2020. Furthermore, it has successfully conducted Narrowband Internet of Things tests, live on its commercial network. T-Mobile is also planning to team up with dark fiber partners to backhaul small cell densification project.
Also, the acquisition of Layer3 TV will likely boost T-Mobile’s streaming service. The company’s improvement in mobile plans, stellar network performance, deployment of LTE-U technology and offering of attractive unlimited data are the key factors driving the performance. This is supported by improving scale, healthy free cash flow generation, strong liquidity and spectrum assets that provide credit support.
This Zacks Rank #3 (Hold) company has returned 7.1% in the past six months, outperforming the industry’s average growth of 3.2%.
However, a highly competitive and saturated U.S. wireless market is a major headwind. Intensifying competition could limit the company’s ability to attract and retain customers, and may adversely affect its operating results.
Stocks to Consider
A couple of better-ranked stocks from the same space are ATN International, Inc. (ATNI - Free Report) and Telenav, Inc. . While ATN International sports a Zacks Rank #1 (Strong Buy), Telenav carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
ATN International surpassed estimates thrice in the trailing four quarters, the average positive earnings surprise being 138.12%.
Telenav outpaced estimates in each of the preceding four quarters, the average earnings surprise being 12.03%.
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for free >>